Militia Man The hold up for the last three months lies in the budget, in my view Article 12. Is that the key? Is that the Rosetta Stone? It sure looks really good. If that key is what we’re looking and that article 12 happens to be specifically related to the exchange rate, I think everybody in the world is paying attention.
MarkZ [via PDK] “Iraq is second in the Arab world and ninth in the world for possession of natural resources.” Wow – 9th in the world – yet there currency isn’t worth much? Iraq can clearly support a substantial increase in the value of the dinar.
Samson Article: “Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation“
Walkingstick The auctions…were the reason why the purchasing power of Iraq’s currency was being bled out of the country and out of the hand of the citizens. Those auctions needed to be stopped, changed and eventually metamorphosed into an auction that is usable with foreign currency and the Iraqi dinar in their country. They’ve accomplished all of this…
Frank26 Chase Bank has its talons locked in to the monetary reform by the jugular vein and it’s not going to let go. When you go to them and you say, ‘But you said it was a scam?’ They’ll look the other way and they won’t give a shit…Chase is going to play a vital role, a major role in the monetary reform of the Iraqi dinar…
Breitling [Syrian government overthrowing and reduced Iranian control] We have to see what Iraq does because that offer is still on the table for Iraq to be part of western markets…It’s a big deal because they don’t have to follow the leader [Iran] anymore…That influence is gone…There’s a huge opportunity for Iraq here. We have to see how it all shakes out.
MarkZ [via PDK] There are roughly 140 ambassadors descending on Iraq this weekend. Let’s hope they are there for a reason. This weekend is positioned for some great possibilities.
Wolverine [via Judy Byington] The banks are ready to go. Oil Reform is complete and get ready. … We are nearly there. It may begin today, or tomorrow when Trump rings the bell at the Stock Exchange. We are about to cross that finish line. Just get ready everyone…
Frank26 What was it that we needed in order to bring forth the new exchange rate and the new lower notes? Security and stability, Dr. Shabibi made it very clear to the whole world, we need security and stability. Do you think Iraq is secure and stable now…in order to bring forth the monetary reforms, new exchange rate and lower notes? Yes.
Militia Man There’s 140 ambassadors already started arriving for a celebration in Basra. For what? A historic event inclusive, UNESCO, UNICEF, the World Bank, deputy ambassadors, etc etc. Why would they all be there? For what? Because they’re going to showcase, for all the investors. What are they going to showcase? Iraq’s basically sounding like they’re going to open to the world. I don’t know about you but I’m really excited! I’ve been white knuckling it for a few days. Let’s watch what they do, let’s watch what they say…
Samson Article: ”A historic event in Basra.. More than 140 ambassadors in the province to see its reality – Urgent”
Mnt Goat “THE TURNING POINT: IRAQ’S LEAP INTO THE DIGITAL ECONOMY” This is…a shift towards better financial inclusion… Iraq’s transition to digital payments will unlock a range of economic benefits and I am told by my CBI contact that this is the precursor to the Project to Delete the Zeros…and the plan to end the currency auctions of using dollars to electronic transactions by the end of the 2024…in about 3 weeks… We…look forward to the initiation of the Project to Delete the Zeros, if in fact the CBI does intend to reinstate the dinar back on FOREX… Let’s all keep an eye for what happens when Iraq finally makes this huge transition away from using purely cash to all digital.
MarkZ [via PDK] I have gotten another report from another Iraq contractor saying that they are due to renegotiate rates on their contracts with the government of Iraq this week. So I am going to say that the rumors out there with contractors are true at this point. I am definitely hearing that a number of contractors are negotiating rates on contracts in the low $3 range. This has me exceptionally excited.
